Printable versionTSYS, Planet Payment Extend Multi-Currency Processing Contract
05/04/10Planet Payment® and TSYS® announced today a multi-year extension of their multi-currency processing agreement. Under the agreement, TSYS Acquiring Solutions will continue to offer Planet Payment’s Dynamic Currency Conversion and Multi-Currency Pricing solutions to its customers.
“Our multi-currency products, powered by Planet Payment, provide Acquirers and ISOs with innovative solutions that drive additional margin on existing transactions,” said Mark Pyke, president of TSYS Acquiring Solutions. “The products also provide merchants with powerful marketing and customer service tools to attract and close more sales from their international clientele.”
With Dynamic Currency Conversion, international MasterCard and Visa card customers can pay in their home currency at the point of sale — providing greater convenience and clarity, while eliminating the guesswork associated with international payments.
“Our solutions serve as competitive differentiators that help TSYS clients sign new clients and deepen relationships with their existing accounts,” said Philip Beck, chairman and chief executive officer of Planet Payment. “We look forward to continuing our relationship with TSYS to enable U.S. merchants to improve profitability and sales in this challenging economic climate and drive new sales from international customers.”
TSYS e-commerce and mail order/telephone order merchants reach international markets more effectively with Multi-Currency Pricing by localizing the product and featuring pricing and pay in local currencies. Multi-Currency Pricing is available through several certified payment gateways, including Planet Payment’s iPAY® Gateway.
Inquiries and Additional Information:
TSYS
Cyle Mims
TSYS Media Relations
cylemims@tsys.com
+1.706.644.3110
Shawn Roberts
TSYS Investor Relations
shawnroberts@tsys.com
+1.706.644.6081
Planet Payment, Inc. www.planetpayment.com
Joel Mayer
SVP, Product Management Tel: +1 516 670 3200
Redleaf Communications (PR for Planet Payment) planet@redleafpr.com
Emma Kane / Rebecca Sanders-Hewett / Henry Columbine Tel: +44 20 7566 6700
CJP Communications (US PR for Planet Payment) ecleary@cjpcom.com
Emily Cleary/ Thomas Rozycki Tel: +1 212 279 3115 x257
About TSYS:
TSYS (NYSE: TSS) is one of the world’s largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions. For more information contact news@tsys.com or log on to www.tsys.com. TSYS routinely posts all important information on its website.
About Planet Payment:
Planet Payment’s Common Shares trade in the UK on AIM under the symbols PPT for unrestricted Common Shares and PPTR for Reg S Common Shares and in the USA on the OTCQX under the symbol PLPM.
Planet Payment enables processors, acquiring banks and their merchants in more than 15 countries to accept, process and reconcile credit card transactions in multiple currencies, allowing cardholders to view prices and settle transactions in their native currency. The Pay in Your Currency™ service is Planet Payment’s suite of multi-currency processing solutions, which includes a multi-currency pricing e-commerce service and a Dynamic Currency Conversion service. Planet Payment’s BuyVoice™, a mobile payment and commerce solution, allows merchants to accept payments and sell product to customers using any mobile or landline phone. With the iPAY™ Gateway, Planet Payment also offers comprehensive Internet processing solutions for credit card and electronic check payments. Planet Payment can support any of the more than 150 currencies currently supported by Visa and MasterCard.
Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, New Castle Delaware, London, Hong Kong, Shanghai and Singapore.
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